Thread: Republican plan to cut Federal Workers, Pay, Retirement

Republican Study Commitee Proposal, Formal work on budget starts next week...

http://www.cnbc.com/id/41192300

Folks,

There just aint no more money out there. And, the folks don't really want all the government they are getting.
We are spending $584,237 Billion more (2010 dollars) than we did in FY2007
We are borrowing 42% of our daily expenses.
The Feds hired 200,000 more folks.
The voter doesn't see value.

Something's gotta give.

The cuts are coming - and we are going to be cut. It really doesn't matter what we think is fair. There isn't any real money to pay us. And, for one, I will not accept a tax hike to pay me.

Here's the biggest cut we can make....SOCIAL SECURITY.

Phase it out. Replace it with a TSP like system.

I'm 48 but would gladly give up my social security if I could put my bi-weekly contribution ($113.71) and the employers contribution ($113.71) from my Social Security Tax into TSP for the next 12 years. That would be about $150,000 at 8% or $237,314 at an aggressive 15%.

A 20 year old making only $20,000 per year for the rest of his life would have at age 60, $200,781 at only 3% earned or have $6,742,692 if he was aggressive (15%).

Just kill Social Security for everyone age 50 and under and the Government would just have to tax us extra until the 51 and over leave the system.

Originally Posted by Boghie

Folks,

There just aint no more money out there. And, the folks don't really want all the government they are getting.
We are spending $584,237 Billion more (2010 dollars) than we did in FY2007
We are borrowing 42% of our daily expenses.
The Feds hired 200,000 more folks.
The voter doesn't see value.

Something's gotta give.

The cuts are coming - and we are going to be cut. It really doesn't matter what we think is fair. There isn't any real money to pay us. And, for one, I will not accept a tax hike to pay me.

How many of those 200,000 new employees are Homeland Security? Federal employees, per capita, are actually far lower today than they were 50 years ago under President Kennedy.

There has to be a tax hike of some kind, on somebody, or everybody. There just isn't enough money coming in, even with draconian cuts, to balance the books, and reduce debt, without more revenue.

Originally Posted by Kaufmanrider

How many of those 200,000 new employees are Homeland Security? Federal employees, per capita, are actually far lower today than they were 50 years ago under President Kennedy.

There has to be a tax hike of some kind, on somebody, or everybody. There just isn't enough money coming in, even with draconian cuts, to balance the books, and reduce debt, without more revenue.

Kaufmanrider,
that 200,000 person increase has occurred since January 20, 2009.
And, it was permanent salaried staff - not census workers. The Left believes in gubmint action - so they staff it. I haven't seen any benefit.

It is a boondoggle.

Originally Posted by david.alan.williams

Here's the biggest cut we can make....SOCIAL SECURITY.

Phase it out. Replace it with a TSP like system.

I'm 48 but would gladly give up my social security if I could put my bi-weekly contribution ($113.71) and the employers contribution ($113.71) from my Social Security Tax into TSP for the next 12 years. That would be about $150,000 at 8% or $237,314 at an aggressive 15%.

A 20 year old making only $20,000 per year for the rest of his life would have at age 60, $200,781 at only 3% earned or have $6,742,692 if he was aggressive (15%).

Just kill Social Security for everyone age 50 and under and the Government would just have to tax us extra until the 51 and over leave the system.

I'm with you bro...

I'd even offer to leave all my existing contributions, all my employers existing contributions, and all my current earnings that have accrued in my Social Security 'Lockbox' and never receive any Social Security benefit - if they would just let me invest my future Social Security contributions in my own TSP account.

I would too! Oh yeah, include in the law that the government cannot ever borrow or touch the money!!!!!!!!!!!!!!

Originally Posted by david.alan.williams

Just kill Social Security for everyone age 50 and under and the Government would just have to tax us extra until the 51 and over leave the system.

or just cut it in half.

i am one of the proprosed affected group, but let's get it started aready, something needs done.

Going back to the subject of this thread, I could have made much more money working in the Private Sector than I made working for Uncle Sam!

Originally Posted by Boghie

I'd even offer to leave all my existing contributions, all my employers existing contributions, and all my current earnings that have accrued in my Social Security 'Lockbox' and never receive any Social Security benefit - if they would just let me invest my future Social Security contributions in my own TSP account.

Boghie, SS went in the red last fall. More coming out than going in already. You do know there's no tooth fairy, right? no lockbox, neither. Congress helped themselves to the contents years ago and issued IOUs to you and me both. what's left will be gone before we know it.

Karl had an excellent most enlightening graph today-its in his morning editorial at the link-very very telling. derived from federal data sources publicly available. story is-the national GDP and declining purchasing power problems go back 60 years.

There has been NO actual positive GDP growth during the entire period from 1953 onward – until the 4th quarter of 2009, and since 1980 the true GDP numbers, when one looks at output (not what one “pulls forward” via debt) has been hideously bad. ...

This, incidentally, is why median incomes haven’t moved upward at all in the last decade and why it seems to be harder and harder every year to maintain a middle-class lifestyle - and has been since the 1950s. ....

regardless of appearances to the contrary.

http://market-ticker.org/akcs-www?post=177912

Originally Posted by FAB1

I say....

Term Limits.

I agree with this one. I also think Military service should be a prerequisite. Political civil service should be more selfless service, and less of a "high earnings" career. Start the trimming with Congress at a GS-5/9 paywage.

On the side, I came across an interesting website a few years ago....Just searched for it again and found it.
http://membership.cagw.org/site/Page...ts_pigbook2009

-And offtopic, if I hear the media use the words "rhetoric" or "shellacking" one more time, Im gonna drink bleach.